$PEPE shorts are paying to stay short — and PPI at 13:30 UTC is their deadline.
The $0.00000450 reclaim from this morning held: PEPE tagged $0.00000469, its highest since the $0.00000429 flush on 12 Nov. Open interest fell ~19% in 24h to ~$269M while the price rose (CoinPerps, 13 Nov) — that's shorts covering, not fresh longs piling in. Funding is negative on Binance at -0.019%/8h, so shorts pay longs every 8 hours to stay in the trade.
I'm leaning bullish into the print, but only on the crowded-short read — price is still under the 20-day average at $0.00000480, so this is a bounce, not a flip. BTC bounced off its $67,568 low to $69,277 too, so the tape isn't dead either.
A cool PPI squeezes shorts toward $0.00000493. A hot one hands them $0.00000442, then $0.00000429 is back on the table.
Cool print or hot — which side are you on at $PEPE $0.00000469?
Not financial advice. DYOR.
#PEPE #MemeCoins #PPI
The $0.00000450 reclaim from this morning held: PEPE tagged $0.00000469, its highest since the $0.00000429 flush on 12 Nov. Open interest fell ~19% in 24h to ~$269M while the price rose (CoinPerps, 13 Nov) — that's shorts covering, not fresh longs piling in. Funding is negative on Binance at -0.019%/8h, so shorts pay longs every 8 hours to stay in the trade.
I'm leaning bullish into the print, but only on the crowded-short read — price is still under the 20-day average at $0.00000480, so this is a bounce, not a flip. BTC bounced off its $67,568 low to $69,277 too, so the tape isn't dead either.
A cool PPI squeezes shorts toward $0.00000493. A hot one hands them $0.00000442, then $0.00000429 is back on the table.
Cool print or hot — which side are you on at $PEPE $0.00000469?
Not financial advice. DYOR.
#PEPE #MemeCoins #PPI
